Hailey Welch, also known as “Hawk Tuah girl,” first found fame through her popular catchphrase “Hawk Tuah.” However, she drew widespread criticism following the collapse of her cryptocurrency meme coin, $HAWK, resulting in a multi-million dollar loss for the investors. She has now released a statement on the fiasco, promising full cooperation.
Hailey Welch’s statement about meme coin explained
Hailey Welch, who became known as “Hawk Tuah girl” after a viral clip circulated online in June 2024, took to X (formerly Twitter) to address the rapid crumbling of $HAWK. She launched the coin on December 4 on the Solana blockchain. It reportedly experienced an immediate surge, reaching a market capitalization of $491 million before undergoing a severe 95% drop shortly after.
“I take this situation extremely seriously and want to address my fans, the investors who have been affected, and the broader community,” Welch posted on X on Friday, December 20. “I am fully cooperating with and am committed to assisting the legal team representing the individuals impacted, as well as to help uncover the truth, hold the responsible parties accountable, and resolve this matter.”
Welch proceeded to ask those who have sustained financial losses because of $HAWK to contact the law firm Burwick PLLC. Per Binance, the firm has claimed that it does not represent Welch, underscoring its objective to gain compensation for the impacted parties and arrive at the best possible outcome.
On December 4, Hailey Welch, a.k.a. “Hawk Tuah girl,” claimed on X that her “team hasn’t sold one token and not 1 KOL was given 1 free token.” However, a community note refuting her statement has since been added to the post.
Some observers have alleged that the drop happened due to the actions of the snipers, parties that acquire a significant portion of the tokens when they go public. $HAWK’s creators now face a lawsuit in New York from investors demanding more than $150,000 in damages, according to the above-mentioned Binance report.
Notably, besides her prominent presence on social media, Hailey Welch, also known as “Hawk Tuah girl,” hosts the Talk Tuah podcast, which is backed by Jake Paul’s media company, Betr.
